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Past-Producing Nevada Tungsten Asset Lines Up With DIBC Filing And European Mandate

NBMP
  • Western Star Resources Inc. executed a six-week sequence of strategic moves including a U.S. Defense Industrial Base Consortium (DIBC) application, a European investor relations mandate, & CMETC-eligible flow-through financing ahead of the January 1, 2027 U.S. defense procurement cliff for Chinese tungsten.
  • Tungsten benchmark prices (Rotterdam ammonium paratungstate) have surged approximately 350% year-to-date & 900% over the trailing twelve months to near US$3,185 per metric tonne due to China's 80% control of global supply & new U.S. restrictions on Chinese, Russian, Iranian, & North Korean tungsten in defense chains.
  • On May 1, 2026, Western Star submitted a DIBC application targeting tungsten supply for the U.S. Department of War, leveraging its past-producing Rowland property in Nevada to benefit from reduced permitting complexity compared to greenfield projects.
  • The Rowland property in the Jarbidge mining district features historical production of 4.5 tons at 3.38% WO₃ (1943) & approximately 1,000 tons at 0.5–1.0% WO₃ (1954–56), with over 17 historical workings identified via LiDAR & mineralization traced across 2 kilometers in skarn zones.
  • Western Star initiated its maiden modern drill program in spring 2026, involving rock sampling of historically disturbed areas to verify grades & define mineralized zones before advancing to drilling targeting.
  • The Company appointed Plutus Invest & Consulting GmbH to a twelve-month investor relations mandate commencing May 1, 2026, costing €200,000 to execute marketing & public relations campaigns in the European market through April 30, 2027.
  • Western Star secured eligibility for the Canadian Critical Mineral Exploration Tax Credit (CMETC) via flow-through financing, following tungsten's addition to the eligible list in March 2026, offering investors a 30% non-refundable tax credit & 100% exploration expense deduction.
  • The article identifies Group 6 Metals, EQ Resources, NioCorp Developments, & MP Materials as comparable entities benefiting from the critical minerals reshoring thesis, highlighting Western Star's unique positioning with a past-producing U.S. asset, active DIBC engagement, European outreach, & Canadian tax-advantaged capital.
  • The near-term catalyst window spans the remainder of 2026, covering the active spring field season, Washington meetings regarding the DIBC application, & the generation of first modern technical results from the Rowland project before the January 1, 2027 procurement rule takes effect.